depreciation allowable on Cash transactions exceeding Rs 10000?
akshay kumar garg (student) (73 Points)
03 June 2018suppose I purchased assets costing Rs. 35000
for which I made payment in cash
01/05/2018. Rs. 10000
02/05/2018. Rs. 10000
03/05/2018. Rs. 10000
04/05/2018. Rs. 5000
is this assets eligible to claim depreciation us 43 of income tax act 1961???